- US markets closed marginally higher Yesterday.
- Asian markets are Flat.
- SGX Nifty is higher above 12600.
- Yesterday Bank Nifty started its show.
- In 2nd half it rocketed 400 Points which helped Nifty going higher.
- FIIs bought for ₹ 570 crores Yesterday.
- DIIs have sold for Rs 1300 crores.
- FIIs are booking profits in some long positions in F&O also.
- Maybe all this is due to Budget as the Expectations are set quite high from the same.
- Earlier FIIs long in Index Futures was above 80% and it is now about 76%.
- Markets might not go much higher from here but also there is limited downside risk.
- So expecting some Consolidation ahead.
- Banks and Reliance have out performed yesterday.
- Reliance finally looked in some Momentum Yesterday.
- Whether we witness continued rally here or not time will say.
- Today Market might be Volatile.
- Usually Wednesdays get Volatile in second half.
- Due to expiry related Unwinding , fresh Positions etc.
- Infosys and Wipro results are being decalres today.
- This is an Important event to look for.
- Nifty might Trade between 13480-13720 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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